Meaning of “installment plan” in the English Dictionary

british dictionary

"installment plan" in British English

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installment plannoun [ C ]

uk /ɪnˈstɔːl.mənt ˌplæn/ us /ɪnˈstɑːl.mənt ˌplæn/ US UK hire purchase

(Definition of “installment plan” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)